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to stop. >> in washington, i'm stacy cohan. >> uncertainty over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session on friday in the red for the fifth straight day. a triple digit loss for the dow which tumbled 158 points, the nasdaq lost almost 26 points. the s&p 500 shed almost 16 points. and the gridlock in washington could help the current congress make history as the most unproductive ever. it's amazing. a review by the huffington post shows 219 bills have been passed this session, that's compared to 383 bills passed by the previous congress, and 460 by the group before that. now, to avoid the distinction, congress needs to submit about 100 bills to president obama over the next few days. something tells me they're not going to be able to do that. but there is one thing the senate has been able to agree on, getting aid to victims of superstorm sandy. by a 61-33 vote, the chamber passed the measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process has to start all over aga
't the answer to gun violence and that problem. >>> to washington now and the negotiations over the fiscal cliff. actually, there really aren't any negotiations now. the president is in hawaii. we're in a bit of a holding pattern as both sides dig in their heels. the middle class and small businesses were the focus during the presidential campaign. but, now, they stand to be the biggest losers as the battle in washington pushes us closer to that cliff. cnn's emily schmidt has more. >> go on. >> reporter: there are people who make overcoming obstacles even those towering 40 vertical feet high look easy. these rock climbers the heart of the climbing center business. >> i think with climbing, you have to trust your partner and you have to know that they're holding your rope. >> reporter: this takes team work which is why she's frustrated of another cliff looming in washington. >> so much uncertainty, not just for me as a business owner but for our members and our clientele. >> reporter: with negotiations stalled, she has put plans to expand her business on hold. she's worried because going over the
is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at a later point. just lay the ground work at this point. we also know before the president left, he talked by phone with house speaker john boehner. he met in person with harry reid, although what the private happened, we don't know. but publicly things sound a lot like they have for the past few weeks. take a listen. >> every member of congress believes that, every democrat, every republican.
is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of congress are meeting in a rare sunday session. the house an hour later at 2:00. our chief white house correspondent jessica yellin now with the look at a chance for a deal and what's on the table. >> alison, here in washington, there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday, the president was at work here in the white house but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill would have to extend unemployment insurance that would affect s
members. 58% thought he would. 42% said he would not. emily schmidt, cnn, washington. >> emily, thank you. >>> also in washington, bo is back. front and center on the white house holiday card. michelle obama picked a personal could. it shows bo running across the snowy lawn. she called the moment very surreal. >>> she was married to peter jennings and the late ambassador peter holbrook and now she's written a memoir about her own amazing life. we hear about her after this. >>> as a mother of a young child, i'm always looking for something fun and educational to do together. nature spot quest is our spot. opened in march 2011 with more than 7,000 square feet of interactive educational things to do and see, the exhibit has the feel of a playground and the educational tools of classroom. every nook and cranny offers children a new adventure. unlike traditional museums, at naturequest children are challenged from self-discovery to explore and be curious in a hands-on environment just like real scientists. with over 100 interactive encounters to choose from, a few of my son's favorites include
is scheduled to perform at a charity concert in washington and president obalm saw planning to attend that event. >>> psy is one of the names that grabbed our attention this year to the outrageous and inspirational. we want your input to choose the most intriguing people of 2012. cast your vote for the top ten most intriguing people of this year. cnn will reveal your selections on air and online monday, december 24th. >>> violence and protests have shattered egypt's calm and raised alarm in washington. mohamed morsi is meeting with members of the opposition to end the worst crisis since he took office. let's bring in rasa. oppositions are snubbing today's meeting. >> that's why i don't think that many people are too optimistic that these talks will have a positive outcome because the top leaders of the opposition said the president hasn't met their demands. remember, this was a suggestion made by the president thursday night when he made his televised address. he asked the leaders of the different political factions to get together at the palace today to talk things out and the politi
the stakes with washington and the neighbor to the south. he plans to launch a rocket within days. the state-run media says a rocket carrying a satellite into orbit will lift off between december 10th and december 22nd. south korea warns if pyongyang goes ahead, they can expect a strong response. remember, the first was back in april. that hyped launch that actually failed. both washington and seoul suspect the rocket launch will really cover for ballistic missile tests. >>> back here at home, issue number one is reaching a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases, if negotiations break down. both sides of the aisle are going straight to the public in order to plead their case or tell us why the other side is to blame. this is president obama a in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house r
service in washington on friday. >>> in new orleans, a federal judge has given final approval to bp settlement with gulf coast businesses and residents. bp will pay at least $7.8 billion in compensation to settle claims from the deep water horizon disaster in 2010. there is no cap on the settlement except for those claims from those in the sea food industry, so, the final bill could still be much higher. thousands of people made claims from texas to florida. >>> moving overseas to a deadly cold snap in the ukraine. hundreds more have been treated for hypothermia and frost bite. the government has set up thousands of heating centers to help people deal with the extreme cold. the temperatures there have dropped down to just one degree fahrenheit, far below the average for this time of the year. >>> well, this morning it looks like a major u.s. ally will have a new constitution, but theare still a whole lot of questions about egypt's democratic future. the draft charter has been approved by a majority of voters in a referendum. official results are expected later on. two rounds of voti
the fiscal cliff deadline. and while the deal will actually be made in washington, politicians are taking their message on the road and straight to the voters. cnn political editor paul steinhouser has more. >> good morning. the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're
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is on the fiscal cliff. washington has less than 48 hours to make a deal before billions in tax increases and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's
schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of american taxpayers while we still avoid coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for th
's a big night for seven artists set to receive the 35th annual kennedy center honors in washington. they represent some of the biggest names and most influential contributors to the stage and screen. here's a look at what's in store for them tonight. >> reporter: randi, the kennedy center says there's one primary criteria for picking an honoree. excellence. easy to say, more difficult to define. there's no set category for the honorees. this year, they bring comedy, music, dancing, and acting to a highly regarded stage. the kennedy center honors are a bit like washington's oscars. red carpet out front, president and plmrs. obama inside to gree seven very different artists. >> it's very rare to see led zeppelin songs being sung at the same time as david letterman jokes are being told. it's going to be a great show. >> reporter: this will be bob dickinson's 20th kennedy center honor show. he said there's imagine nick the room. three surviving members of led zeppelin are included. this was their concert in 2007. john paul jones, jimmy page, and robert plant. their songs are as epic as
not reached a deal. >>> staying in washington, president obama appears set to nominate senator john kerry as his next secretary of state. hillary clinton said she would step down after the first term. susan rice was the expected choice, but she pulled her name out of the running because of the controversy over her comments in the wake of the benghazi attacks. >>> secretary clinton was supposed to testify about benghazi this week, but that's on hold now. she suffered a concussion and now she's resting at home. the secretary has been battling a stomach virus and fainted after becoming dehydrated. her office says it's not severe. >>> it's election day in japan and voters are choosing a new parliament. the election could return former prime minister to office if his liberal democratic party wins and lots of analysts expect that he'll win big. he's promised to get japan's struggling economy back on track. let's go back now to kate bolduan and john berman in connecticut. >> there are news going on around the world and thank you, victor, for keeping us to speed on that. >>> people will be going
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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